NOT LISTED FOR SALE

74043 Old Prospector Trail Palm Desert, CA 92260

Estimated Value: $1,173,000 - $1,627,000

4 Beds
3.5 Baths
2,872 Sq Ft
$510/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $1,200,000 $418 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $9,333/month

41 Days on Market

Highlights

  • Guest House
  • Wine Cellar
  • Casita
  • Palm Desert High School Rated A
  • Heated In Ground Pool
  • Primary Bedroom Suite

About This Home

As of March 2021

Situated on a sprawling south-facing lot just a few blocks from renowned El Paseo, this renovated private Mid-Century Modern residence, originally designed by the famous architect Albert Frey, has unique qualities that will be difficult to replicate in today's fast-moving market. Attributes include: large deep swimming pool and spa with twenty foot seating bench, three swim-up stools, tanning shelf, and colored lighting options; great indoor + outdoor living capability with its massive covered patio area; an abundance of glass including several clerestory windows; stunning post and beam elevated ceilings in the living area; wide open kitchen with massive tile wall and backsplash with stainless steel appliances, striking range hood, quartz countertops, and modern cabinetry; custom finished concrete floors; detached casita with its own kitchen, beer and wine tasting room with individual climate control, and plenty of room to entertain; ample parking options with room for RV and more behind a private gate; large master retreat with easy access to pool, walk-in closets, and well-appointed master bathroom; two additional guests suites in the main house; all guest bathrooms have been redone as well with current finishes; two tankless water heaters; recently enhanced desert landscaping; and an additional section of the backyard that is a blank slate to design as you see fit. There is no HOA and the home is located just minutes from golfing, dining, shopping, and medical options.

Last Agent to Sell the Property

Mike Patakas

Desert Sotheby's International Realty License #01264926 Listed on: 01/18/2021

Desert Sotheby's International Realty

Co-Listed By

Maria Patakas

Desert Sotheby's International Realty License #01785498

Last Buyer's Agent

Carol Carpenter

Bella Rosa Realty License #01211650

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,321

Year Built

  • Built in 1958

Lot Details

  • 0.31 Acre Lot
  • Home has North and South Exposure
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

Home Design

  • Midcentury Modern Architecture
  • Tile Roof
  • Foam Roof

Interior Spaces

  • 2,872 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Wine Cellar
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views
  • Laundry Room

Kitchen

  • Kitchenette
  • Breakfast Bar
  • Range Hood
  • Quartz Countertops

Flooring

  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Casita

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 625203002

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,321

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces North, Leisure Faces South
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Mid Century
  • Casita Features: Kitchenette
  • List Price per Sq Ft: 443.94
  • Lp Sp Ratio: 0.9400
  • View Type: Mountain(s)
  • Water District Name: CVWD
  • Year Built: 1958
  • Co Listing Office Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Co Listing Office Fax: (760) 424-3099
  • Listing I D: 219055901
  • Listing Member Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Listing Office Address: 500 S. Palm Canyon Dr., #101, Palm Springs, CA 92264
  • Listing Office Fax: (760) 424-3099
  • Selling Member Address: P.O. Box 998, Rosemary Woodward, Palm Desert, CA 92261
  • Selling Member Fax: (760) 406-8598
  • Selling Office Address: 43-400 Stony Hill Ct. A, Palm Desert, CA 92260
  • Selling Office Fax: (866) 675-6596
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Not Applicable
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Range Hood: Yes
  • Fireplace Features: Gas
  • Flooring: Carpet, Concrete
  • Bedroom Features: All Bedrooms Down, Master Suite, Walk In Closet
  • Total Bedrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Kitchen Features: Quartz Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 2872.00

Exterior Features

  • Other Structures: Guest House/Casita
  • Roofing: Foam, Tile
  • Patio: Covered
  • Pool: Yes
  • Pool Accessories: Safety Fence
  • Pool Construction: In Ground
  • Pool Description: Heated, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway, Garage Door Opener, Oversized
  • Total Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Tankless

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 625203002
  • Irrigation: Sprinkler System
  • Lot Description: Back Yard, Front Yard, Single Lot, Yard
  • Lot Size: 13504.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 8, 2021
Sold by
Humphrey David V and Humphrey Jamie M
Bought by
Powell Justin T and Powell Katherine Cambridge
Seller's Agent
Mike Patakas
Desert Sotheby's International Realty
Buyer's Agent
Carol Carpenter
Bella Rosa Realty
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Current Estimated Value
$1,463,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,291
Avg. Annual Appreciation
4.55%
Original Mortgage
$960,000
Outstanding Balance
$862,525
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$600,766

Purchase Details

Closed on
Jul 14, 2016
Sold by
Humphrey David and Humphrey Jamie
Bought by
Humphrey David and Humphrey Jamie M

Purchase Details

Listed on
Oct 16, 2014
Closed on
Nov 12, 2014
Sold by
Pensco Trust Company
Bought by
Humphrey David and Humphrey Jamie
Seller's Agent
Norma Noonkester
AARE
Buyer's Agent
Norma Noonkester
AARE
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$412,489
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2012
Closed on
Apr 4, 2013
Sold by
Alaska Usa Trust Company
Bought by
Pensco Trust Company
Seller's Agent
Michael Loza
Mike Loza & Associates
Buyer's Agent
Michael Loza
Mike Loza & Associates
List Price
$450,000
Sold Price
$330,000
Premium/Discount to List
-$120,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.04%
Original Mortgage
$420,000
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2012
Sold by
Wells Fargo Bank Na
Bought by
Alaska Usa Trust Company

Purchase Details

Closed on
Jan 29, 2002
Sold by
Hogrefe Joseph H and Hogrefe Jean R
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 24, 2001
Sold by
Benson Elbert C
Bought by
Hogrefe Joseph H and Hogrefe Jean R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 1997
Sold by
Benson Elbert C and Benson Abba M
Bought by
Benson Elbert C and Benson Abba M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Powell Justin T $1,200,000 Chicago Title
Humphrey David -- None Available
Humphrey David $550,000 Fatco
Pensco Trust Company $330,000 First American Title Company
Alaska Usa Trust Company -- None Available
Wells Fargo Bank Na $340,000 First American Title Co
Hogrefe Joseph H $252,500 Old Republic Title Company
Benson Elbert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powell Justin T $960,000
Previous Owner Humphrey David $412,489
Previous Owner Pensco Trust Company $420,000
Previous Owner Hogrefe Joseph H $202,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $1,200,000 -5.9% $418 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $1,275,000 +131.8% $444 / Sq Ft
11/19/2014 11/19/14 Sold $550,000 -2.7% $192 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $565,000 +71.2% $197 / Sq Ft
05/02/2013 05/02/13 Sold $330,000 -17.4% $115 / Sq Ft
04/04/2013 04/04/13 Pending -- -- --
02/13/2013 02/13/13 Price Changed $399,500 -11.2% $139 / Sq Ft
10/19/2012 10/19/12 For Sale $450,000 -- $157 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,321 $1,298,917 $324,729 $974,188
2023 $16,321 $1,248,480 $312,120 $936,360
2022 $15,572 $1,224,000 $306,000 $918,000
2021 $7,948 $610,671 $152,665 $458,006
2020 $7,805 $604,410 $151,100 $453,310
2019 $7,658 $592,560 $148,138 $444,422
2018 $7,515 $580,942 $145,234 $435,708
2017 $7,360 $569,552 $142,387 $427,165
2016 $7,263 $558,386 $139,596 $418,790
2015 $7,417 $550,000 $137,500 $412,500
2014 $4,458 $331,497 $82,874 $248,623
Source: Public Records

Agents Affiliated with this Home

  • Mike Patakas

    Seller's Agent in 2021

    Mike Patakas

    Desert Sotheby's International Realty

    (760) 808-5400

    168 Total Sales

    Mike Patakas
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Maria Patakas

    Desert Sotheby's International Realty

    (760) 464-4650

    109 Total Sales

    Maria Patakas
    Section Image
  • Carol Carpenter

    Buyer's Agent in 2021

    Carol Carpenter

    Bella Rosa Realty

    (760) 902-5063

    25 Total Sales

    Carol Carpenter
    Section Image
  • Norma Noonkester

    Seller's Agent in 2014

    Norma Noonkester

    AARE

    (858) 688-0301

    18 Total Sales

    Norma Noonkester
    Section Image

  • M

    Seller's Agent in 2013

    Michael Loza

    Mike Loza & Associates

    Section Image

  • M

    Buyer's Agent in 2013

    Mike Loza

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219055901

California Desert Association of REALTORS®

APN: 625-203-002

California Riverside County Palm Desert 92260

74043 Old Prospector Trail, Palm Desert, CA

This home is located at 74043 Old Prospector Trail, Palm Desert, CA 92260 since 18 January 2021 and is currently estimated at $1,463,291, approximately $509 per square foot. This property was built in 1958. 74043 Old Prospector Trail is a home located in Riverside County with nearby schools including La Quinta Middle School, Palm Desert High School, and George Washington Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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